Apple has announced changes to its App Store fees following the EU accusations, as it will allow developers to promote their offers outside the store in exchange for 5% on digital sales. At the same time, Apple shares fell by 4% after Berkshire Hathaway sold half of its stake.
The European Union implemented its threats to Apple regarding the issue of monopolistic practices with Spotify, and imposed a fine estimated at 2 billion dollars! As for Apple, it decided to appeal the European Court’s decision. Apple believes that everything that happened did not affect the interest of the European consumer in any way. Here are all the details about the EU fines from Apple in favor of Spotify.
The European Union is doing nothing to tame Apple, and while the company is trying to meet the requirements of the Digital Markets Act, the iPhone maker has been fined 1.8 billion euros ($1.95 billion) for misusing its site in a way that blocks music streaming apps. The other is to have fair competition within her store.